Partner Spotlight Webinar with NetGain
July 21, 2022 @ 1PM
Enterprise-level lease management and easy, audit-ready compliance
NetLease manages your lease accounting directly in your NetSuite instance. Easily input lease data and get buillt-in compliance to ASC 842, IFRS 16 and GASB 87. Reduce the cost and risk of managing leases while automating transaction postings all the way to the general ledger for serious time savings.
Key NetLease capabilities
- Compliant with ASC 842, IFRS 16 and GASB 87 requirements for lessee, lessor and sub-lease accounting
- Supports decision making throughout the entire lease lifecycle
- Push-button reporting for FASB, IFRS and GASB disclosures
- Full lease automation with transaction postings to the general ledger
- Integrated AP management
- Robust end-to-end audit trail
- Easy lease modifications and reversals
- Store and access key details and documents for each lease record
Get the accounting
right for you
Quickly enter lease data and get built-in compliance to ASC 842 and IFRS 16. Handle revenue recognition while seamlessly integrating with billing, inventory and fixed assets. Easily automate transaction postings all the way to the general ledger for serious time savings.
Key NetLessor capabilities
- Full lease automation with transaction posting to the general ledger
- Automatically calculates implicit rates and discount rates
- Automatically classify leases-operating, direct financing or sales-type
- Generate lease payments based on contract rate
- Generate lease rate based on payments
- Push-button reporting including lease payment waterfall and full amortization schedule details
- Easy, automated modification and termination entries
- Automatic invoice creation for lease payments
About Meridian Business, LLC
Meridian is an award-winning NetSuite Solution Provider specializing in consulting, implementation, support, and development of the full range of NetSuite products. As a NetSuite partner, Meridian’s purpose is to equip our clients, our team, and our communities to transform. Meridian has extensive experience delivering products and solutions to help clients make more effective business decisions in a wide array of industries. Visit www.meridianbusiness.com to learn more.
